California Public Employees Retirement System Trims Stake in AECOM (NYSE:ACM)

California Public Employees Retirement System lowered its stake in shares of AECOM (NYSE:ACM) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,737 shares of the construction company’s stock after selling 13,725 shares during the quarter. California Public Employees Retirement System’s holdings in AECOM were worth $23,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. abrdn plc purchased a new stake in AECOM in the fourth quarter worth about $417,000. Knights of Columbus Asset Advisors LLC grew its holdings in AECOM by 1.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 77,347 shares of the construction company’s stock worth $7,149,000 after purchasing an additional 1,008 shares during the period. Xponance Inc. grew its holdings in AECOM by 6.2% in the fourth quarter. Xponance Inc. now owns 17,844 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 1,038 shares during the period. Flputnam Investment Management Co. grew its holdings in AECOM by 1.5% in the fourth quarter. Flputnam Investment Management Co. now owns 46,522 shares of the construction company’s stock worth $4,300,000 after purchasing an additional 690 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in AECOM in the fourth quarter worth about $965,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.5 %

Shares of AECOM stock opened at $94.05 on Monday. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 209.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company’s 50 day moving average is $93.20 and its 200 day moving average is $89.12. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion for the quarter. During the same quarter last year, the company earned $0.86 EPS. Research analysts anticipate that AECOM will post 4.43 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.94%. AECOM’s payout ratio is presently 195.56%.

Analyst Ratings Changes

A number of research firms have recently commented on ACM. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Truist Financial began coverage on shares of AECOM in a report on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Citigroup increased their price target on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Barclays increased their price target on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $105.43.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.